Square IPO

After a haircut in its IPO earlier this week, to $9.00 per share, Square’s first day of trading yesterday soared more than 60%, closing at $13.07. It was expected to price in the $11 to $13 range but there has been growing skepticism among institutional investors in regard to tech unicorns.

UnionPay Chinese Visa

China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.